Automotive Lubricants Market 2020: Industry Overview, Shares, Market Size, Growth, Forecast Report 2028

According to the latest report by Quince Market Insights, the automotive lubricants market has been witnessing growth, owing to the rising consumer awareness and affordability. Increasing complex designs for automotive engines, transmission systems, is leading to the demand for more advanced lubricants to operate in extreme conditions. Moreover, recycling is another key factor influencing the growth of the automotive lubricants market. The automotive sector has witnessed recovery in few years. Moreover, lubricants form key constituents of automotive aftermarket consumables. Moreover, the average life of vehicles has expanded to 11 years due to automotive lubricants.

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Market dynamics according to QMI-

An automotive lubricant is a substance, typically natural, introduced to carry out two essential tasks. The first one is to control friction and wear, which it does by isolating the two collaborating machine surfaces with a film. The second task is temperature control. The automotive lubricant retains heat, diverts it from the component, and disseminates it in the sump or in a cooler.


The report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for automotive lubricants market

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Major Companies Operating in the Market:
o Shell
o ExxonMobil
o TOTAL
o Chevron
o FUCHS
o Valvoline
o Idemitsu Kosan
o Lukoil
o JX Group
o BP Castrol

Market Segmentation:
By Base Oil:
o Mineral Oil Lubricants
o Bio-Based Lubricants
o Synthetic Lubricants
o Semi-synthetic Lubricants
By Vehicle Type:
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Passenger Cars
o Other Motor Vehicles
By Application:
o Transmission Fluids (Manual/Automatic)
o Engine Oil
o Gear & Brake Oil
o Coolants
o Greases
o Others

By Region:
o North America
o By Country (US, Canada, Mexico, Rest of North America)
o By Base Oil
o By Vehicle Type
o By Application
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Base Oil
o By Vehicle Type
o By Application
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Base Oil
o By Vehicle Type
o By Application
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Base Oil
o By Vehicle Type
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Base Oil
o By Vehicle Type
o By Application

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.